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Design Studio Furniture Manufacturer Inks Deal With DuPont Corian

BackJan 06, 2003

SINGAPORE, January 6, 2003 - Design Studio Furniture Manufacturer Ltd ("Design Studio"), a premier furniture manufacturer and product specialist in Panelling Products, has been appointed as a distributor and the first industrialised fabricator in Singapore for DuPont Corian products, a global brand leader in solid surface manufacturing.

Under the agreement, Design Studio will fabricate, market and install Corian products for the residential and commercial segments in Singapore, excluding the retail market.

Commenting on the strategic tie-up, Mr Bernard Lim, CEO of Design Studio, said, "We are very proud to be selected as the distributor and the first industrialised fabricator for Corian products in Singapore. This appointment will not only enable us to tap the technological expertise of DuPont Corian, but will also enable us to generate more creative designs that can be realised into actual product applications."

As part of the strategic tie-up, DuPont Corian will provide Design Studio with advanced technology and know-how to convert Corian into various applications. These include one-piece moulded bowl and worktop, prefabricated kitchen worktops with minimal on-site fabrication, and other unique interior design and furniture applications such as mould trims, hand railings, window sills, elevator lift cabs and door gateways.

A leading furniture manufacturer, product and fitting-out specialist for the residential, commercial and retail market segments in Singapore, Design Studio has established a reputation for bringing creative solutions and meeting clients' demands and needs. With DuPont Corian surfaces, Design Studio is able to provide a complete range of products from panelling to solid surfacing products.

Said Mr Nigel Budden, Director of DuPont Surfaces Asia Pacific, "We identified Design Studio as an ideal partner in this strategic alliance as we believe the company is an established player in the residential property development market in Singapore and has earned a reputation for producing high quality Panelling Products with fine workmanship. This strategic tie-up with Design Studio is in line with the growth strategy of DuPont Corian to broaden its market segment base and to tailor and expand offerings to meet more dynamic market needs."

The agreement is on a non-exclusive basis for a period of three years.

About Design Studio Furniture Manufacturer Ltd

Design Studio is a premier furniture manufacturer, specialising in product design, production and installation of high quality Panelling Products. Panelling Products are furniture products assembled from panels, and include kitchen cabinets, wardrobes, vanity cabinets, doors and doorframes. Design Studio is an established and leading furniture manufacturer in Singapore, supplying to residential property developments such as the Costa Del Sol Condominium, Queens Condominium, The Warren Condominium, The Tessarina Condominium, Changi Rise Condominium and Yishun Sapphire & Emerald Condominiums. Besides this core business, Design Studio is also the exclusive distributor of SieMatic fitted kitchens, a sought after German brand and MAP Italian wardrobes. Some residential property projects that feature SieMatic kitchens include The Ladyhill, The Edge on Cairnhill, Leonie Hill Residences and Mimosa Gardens. Design Studio has developed its own in-house brand of Panelling Products, PANELZ, for both local and export markets. It is also involved in interior fitting-out works for projects in the commercial, retail and hospitality market sectors.

Design Studio has lodged its preliminary prospectus with the Monetary Authority of Singapore and intends to list its shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST).

About DuPont Corian

DuPont, maker of Corian solid surfaces, is the global brand leader in the solid surface category. DuPont Corian is a versatile material used in residential, commercial, furniture, lighting and specialty applications. Created from natural minerals and pigments and high-performance acrylic, Corian solid surfaces combine tactility, thermoformability, subtle translucency, superior design flexibility and up-to-date colours and textures with durability, stain-resistance and renewability.

DuPont is a science company, delivering science-based solutions that make a difference in people's lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation. Founded in 1802, the company operates in 70 countries and has 79,000 employees.

Corian is the registered trademarks of E.I. du Pont de Nemours and Company. Only DuPont makes Corian.